Send money overseas with Bancoli to take advantage of bank-beating exchange rates

Compare today's EUR to MGA (Euro to Malagasy Ariary) exchange rates

Reunion
Madagascar
EUR

Interbank Exchange Rate: 1 EUR = 5,226.7879 MGA
Updated about an hour ago

Found 1 Remittance Service Providers

XEMONEYTX
Read more about XE Money Transfer
(*)★★ (*)★★ (*)★★ ( )★★ ( )★★
1000 EUR =
5 141 565.00 MGA
Transfer Limit (EUR): No Limits
Indicative Rate1 EUR = 5,141.5650 MGA

📢 New! Cash pickup available

If you are making international business money transfers or payments, RemitFinder can assist by matching you with the best options to suit your unique business needs. Get in touch now to see how we can help protect your business revenue by getting you higher exchange rates and lower transfer fees on international business FX.





All you need to know about Euro to Malagasy Ariary money transfers

Easily compare money transfer providers in one place to send money from Reunion to Madagascar. Send money overseas to your loved ones by comparing Euro (EUR) to Malagasy Ariary (MGA) remittance exchange rates. Read remittance service provider reviews and check out deals, promotions and discounts. Transfer online or send cash based on services offered by these providers.

When making a money transfer to Madagascar from Reunion, we currently have 1 remittance service providers available.

XE Money Transfer currently offers the most competitive rate for sending money to Madagascar and their 1 EUR to MGA exchange rate today is 5,141.5650.

Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from Reunion.

Were you looking to send money from Madagascar to Reunion instead?

If you need to send international business money transfers and payments, get in touch with us to see how we can help protect your revenue.

Did not find the providers you were looking for? Please reach out to us at info@remitfinder.com, and we will do our best to add them to our platform.


Latest EUR to MGA Conversion Rates

Here are some latest EUR to MGA (Euro to Malagasy Ariary) exchange rates for popular conversion amounts*.

1 EUR5,226.79 MGA
5 EUR26,133.94 MGA
10 EUR52,267.88 MGA
25 EUR130,669.70 MGA
50 EUR261,339.40 MGA
100 EUR522,678.79 MGA
150 EUR784,018.19 MGA
200 EUR1,045,357.58 MGA
250 EUR1,306,696.98 MGA
300 EUR1,568,036.37 MGA
400 EUR2,090,715.16 MGA
500 EUR2,613,393.95 MGA
600 EUR3,136,072.74 MGA
700 EUR3,658,751.53 MGA
800 EUR4,181,430.32 MGA
1,000 EUR5,226,787.90 MGA
1,500 EUR7,840,181.85 MGA
2,000 EUR10,453,575.80 MGA
2,500 EUR13,066,969.75 MGA
3,000 EUR15,680,363.70 MGA
4,000 EUR20,907,151.60 MGA
5,000 EUR26,133,939.50 MGA
10,000 EUR52,267,879.00 MGA
15,000 EUR78,401,818.50 MGA
20,000 EUR104,535,758.00 MGA
30,000 EUR156,803,637.00 MGA
40,000 EUR209,071,516.00 MGA
50,000 EUR261,339,395.00 MGA
100,000 EUR522,678,790.00 MGA

*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.


What's the best way to transfer money from Reunion to Madagascar?

It can be very confusing when sending money from Reunion to Madagascar given so many choices. Additionally, Euro to MGA exchange rates fluctuate all the time. Remitfinder gives you the option to compare money transfers companies to choose the best exchange rate among this volatility while making the best deals and promotions available to you.

Choose Reunion to Madagascar as your country combination and click search. We then compare many money transfer companies to bring you the best exchange rates to send money to Madagascar from Reunion. In one single place, you can easily compare many providers to see which one is the best option for your next transfer.

To further help you maximize the return on your money, our partners add various promotions and discounts on our site. You can take advantage of various deals we have for Euro to Malagasy Ariary remittances.


How to get the best remit rate for transferring money from Reunion to Madagascar?

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Madagascar from Reunion. Another added complexity is the multitude of choices at your disposal - ranging from your bank, to established operators like WesterUnion and Moneygram, to so many remittance startups and companies, to multi currency bank accounts. It would be ideal if there was an automated way to stay updated with the ever changing remittance landscape.

One way you could eliminate the manual work to search and compare providers for your EUR to Malagasy Ariary money transfers is by signing up for the RemitFinder daily rate alert. It is completely free; we do the hard work of comparing various remittance companies, and send you all the info you need.

We are also constantly adding new partners for the Reunion to Madagascar corridor to give you more good choices for your next MGA money transfer. This way you do not miss out on additional options to potentially save more.


What's the cheapest way to send money to Madagascar from Reunion?

The final amount your recipient gets when you send EUR to MGA is the most important number that matters. In other words, you should try to minimize the impact of fees and other hidden charges (bad exchange rate is one of them) to achieve the most cost effective cross border remittance.

Before the dawn of the modern internet era, traditional methods to send money from Reunion to Madagascar used to be banks, and small, local remittance players located in retail outlets and convenience stores. Unfortunately, all these options entail high fees and often provide low exchange rates - this results in an expensive money transfer whereby a big chunk of your hard earned money does not reach your recipient.

A great way to find the cheapest options to send Malagasy Ariary is by comparing numerous foreign exchange operators and service providers on RemitFinder. By eliminating the process of manually searching and comparing various companies, you can easily compare all your options in one place, thereby saving time and money. This way, you can get the best Euro to Madagascar exchange rate. Further savings can be realized by utilizing many exclusive offers and promotions from our partners. These deals can help lower the cost of a money transfer even more, thereby giving you a higher return.


Should I use my bank to send money from Reunion to Madagascar?

One of the first thoughts that may come to your mind when sending money overseas could be to rely on your bank to execute your Reunion to Madagascar money transfer transaction. While there is convenience involved in using your bank (after all, you have an account with your bank already, and could even initiate the transfer from the comfort of your home using mobile banking), it is advisable to compare some other options as well.

With the increased penetration of the internet into our lives, a lot of financial transactions have also moved online. For example, we pay our bills, buy all types of commodities, book our vacation, and enjoy all types of entertainment over the internet. It is, therefore, no surprise that the global remittance ecosystem also has a significant digital footprint. Especially for a popular market like EUR to MGA transfers.

Given this, there are umpteen additional options to send money to Madagascar instead of just your Reunion bank. It is very likely that many money transfer companies are offering better exchange rates compared to your bank, as well as potentially lower fees. If that is the case, you could maximize the value of your Euro even more so that your recipient in Madagascar gets the maximum amount.


What is the fastest way to transfer money from Reunion to Madagascar?

The first thing to do when you need to convert EUR to MGA quickly is to compare various banks, foreign exchange companies and remittance service providers to see which ones can meet your transaction timing requirements. Once you identify the right provider, it's easy to do the actual transaction.

The harder part might be how to identify which providers can execute fast funds transfers between Euro and Malagasy Ariary. While every company may have variations in how fast they will finish your money transfer, there are some general guidelines that may help you identify the fastest provider. For example, how you fund your transfer will have a direct impact on transaction speed. Similarly, if your recipient has to pick up cash from a far away location, or there are bank holidays going on, it may take longer for your funds to arrive.

To help demystify the unknowns in the end to end Reunion to Madagascar remittance process, you can study this detailed guide to money transfers. Awareness of all the intricacies of overseas funds transfers will help you make the right decisions to realize the fastest possible choices to send money to Madagascar.


Which are the best money transfer companies to transfer money to Madagascar from Reunion?

The first step in selecting the best money transfer operators for Reunion to Madagascar remittances is to have a list of potential companies that you could use. You can rely on RemitFinder for giving you several good options to start with. Simply give us your sending and receiving countries, and we will present numerous providers for you to easily compare.

The next part in deciding which provider to go with would depend on what you are looking for. There are many parameters on which these companies can be compared against each other, and it all depends on your preferences. For example, are you looking for low or 0 fees, the highest rate, quick transfer speed, etc.

Another factor that may help you decide which provider to go with would be any coupons and deals available for Euro to Malagasy Ariary money transfers. Availing promotions is a sure shot way to help reduce your cost, and should be part of the criteria to decide which are your top candidates for sending money to Madagascar.


Step by step guide to send money from Reunion to Madagascar

Sending money internationally is very common these days, especially given the large communities of expats living abroad. If you are one of them, and need to send money from Reunion to Madagascar, then please continue to read.

One of the hardest things in the foreign currency transaction world is to find the best company to move your money abroad. There are so many choices to remit funds from Reunion to Madagascar that you may feel a bit lost. This is where RemitFinder comes in. You can relax as we do all the hard work to search and compare numerous money transfer companies for you.

Once you identify your provider of choice, follow the below step by step guide to send money.

  • Provide your name, address, photo ID and other related information as part of the signup process. Forex companies are regulated to ensure that your money is safe, so providing this information ensures compliance laws are adhered to.
  • Provide information about the receiver - name, address and a bank account in Madagascar where they can receive monies in Malagasy Ariary.
  • Then, provide details of your Reunion bank account so you can transfer the funds to the provider to allow them to do the transaction on your behalf.
  • Finally, select the amount you want to transfer, and click Send.
  • The provider will start your transaction, and keep you updated on the progress of your transfer.

Also, keep an eye on any discount or promotional coupon codes as they may help lower the cost of your remittance. The process is quite easy and you can see your EUR travel to another part of the globe.